LONDON, Nov. 24, 2015 /PRNewswire/ -- High speed trains are gaining traction all over the world, pertaining to the increasing demand for high speed transportation. Other factors such as government investment in new projects to nurture faster and convenient modes of transportation directly contribute to the growth of the global high speed train seat market. However, higher construction costs of new infrastructure adversely affect the growth of the global high speed train seat market.
This market is expected to reach $11,483.2 thousand by 2019, growing at a CAGR of 4.9%, during the forecast period from 2014 to 2019.
The global high speed train seat market has been segmented on the basis of four categories, namely function, railcar type, comfort type, and geography. The function segment includes regular seat, recliner seat, folding seat, dining seat, and smart seat. Among all functions, smart seats are expected to grow at the highest CAGR of 6.1% from 2014 to 2019. The segmentation according to railcar types includes overland car, subway car, and long distance car. Among all railcar types, subway cars are expected to grow at the highest CAGR of 8.5% from 2014 to 2019. The comfort type segment includes high and light comfort types. Light comfort type is expected to grow at the highest CAGR of 7.4% from 2014 to 2019. The high speed train market has also been segmented on the basis of geography. The market based on geography has been classified into various regions, such as North America, Europe, and APAC. North America is expected to be the fastest-growing market, growing at a CAGR of 8.9% from 2014 to 2019.
Some of the major players operating in the high speed train market include are Faurecia Automotive Seating (France), Magna International Inc. (U.S.), Saira Seats (France), Freedman Seating Co., Ltd. (U.S.), Grammer AG (Germany), Transcal Ltd., (U.K), Camira Fabrics Ltd. (U.S.), Fainsa (Spain), Sears Manufacturing Co. (U.S.), Seats Incorporated (U.S.), C.E White Co. (U.S.), Harita Seating Systems Ltd. (India), Wise Company, Inc. (U.S.), USSC Group (U.S.), and Fenix Group LLC (Russia) among others. Most of the companies have adopted strategies, such as mergers and acquisition in order to sustain in the global high speed train market.
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